Arcane Research's December 28 weekly report focuses on Bitcoin and Ethereum, but also evaluates othersaltcoins, DeFi protocols, meme tokens, NFTs and much more. The research company analyzed the current year and shared forecasts for the cryptocurrency market for the near future.
Bitcoin will surpass the S&P 500 index in 2022
The report notes that by 2021, BTC will alreadyoutperformed the S&P 500. Bitcoin is up 73% this year, while the S&P 500 is up just 28%. Analysts are confident that the first cryptocurrency will not stop there and will continue its positive dynamics.
The S&P 500 is a stock index whose basket includes 505 shares of 500 selected publicly traded companies with the largest capitalization on US stock exchanges.
XRP and ADA will come out of the top 10 in terms of capitalization next year
BNB for 2021 showed an increase of 1,600%.And the market capitalization indicators of the altcoins SOL and LUNA have increased several times. Based on this, analysts believe XRP and ADA will not be in the top 10 cryptocurrencies.
Younger blockchain platforms will continue to surpass Ethereum
Over the current year, Ether has surpassed Bitcoin with an increase of 455% in value. At the same time, some new blockchains have surpassed the Ethereum network.
LUNA during this period grew by 14,823%, and FTM -by 13,549%. Analysts are confident in the continuation of the positive dynamics of the first level blockchains and their superiority over the main cryptocurrencies of the digital market.
Major game developers will increasingly add NFTs
NFT sales have grown significantly this year, with blockchain games like Splinterlands and Alien Worlds hitting 526,000 daily active users.
Arcane predicts that major video game developers will enter the NFT space in 2022 to capitalize on the rapidly growing market.
Bitcoin hashrate will accept geographic changes
After the ban on the mining of cryptocurrencies in China, the bitcoin hash rate decreased several times, but did not recover for long. Today the leading positions in the crypto mining market are occupied by the USA, Kazakhstan and Russia.
Analysts believe that mining farms will be based to a large extent in the regions of Latin America.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services— futures, options, staking, NFT marketplace.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- final grade– the average number of points for all indicators determines the place in the ranking.
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